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Dec 30, 2012
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the clock is ticking, literally, to the fiscal cliff. and as others have noted today, we have known about this cliff for 500 days. this is the world's most anticipatable political and economic problem. congress set this time bomb, now they are scrambling to defuse it before it goes off and threatens to take our economic recovery as a country and kick us back into recession. the fact this is happening in last-minute negotiations and great knew as dana bash reported that joe biden and mitch mcconnell seem to be backchanneling and got a constructive relationship in the past, this is great but this is all being done piecemeal and that fact shouldn't give anybody a great deal of confidence it is pathetic we are here at this hour facing the fiscal cliff. >> that's the point i wanted to raise with you. you obviously have followed congress. you know how all this inside trading works, so to speak. does it feel like the wheels are coming off that we are now off the script, that this is totally in territory we had not anticipated we would be at? >>
the clock is ticking, literally, to the fiscal cliff. and as others have noted today, we have known about this cliff for 500 days. this is the world's most anticipatable political and economic problem. congress set this time bomb, now they are scrambling to defuse it before it goes off and threatens to take our economic recovery as a country and kick us back into recession. the fact this is happening in last-minute negotiations and great knew as dana bash reported that joe biden and mitch...
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Dec 13, 2012
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back to the fiscal cliff that we went by. >> it jumped the shark. i'm cutting you all off. carole, abbey and charles. thank you. you have been one of the liveliest panels that i have had since yesterday. astronaut marketly up next. [ nurse ] i'm a hospice nurse. britta olsen is my patient. i spend long hours with her checking her heart rate, administering her medication, and just making her comrtable. one night britta told me about a tradition in denmark, "when a person dies," she said, "someone must open the window so the soul can depart." i smiled and squeezed her hand. "not tonight, britta. not tonight." [ female announcer ] to nurses everywhere, thank you, from johnson & johnson. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are s
back to the fiscal cliff that we went by. >> it jumped the shark. i'm cutting you all off. carole, abbey and charles. thank you. you have been one of the liveliest panels that i have had since yesterday. astronaut marketly up next. [ nurse ] i'm a hospice nurse. britta olsen is my patient. i spend long hours with her checking her heart rate, administering her medication, and just making her comrtable. one night britta told me about a tradition in denmark, "when a person dies,"...
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Dec 30, 2012
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i will give you one guess but fiscal cliff. take a look at some of what was said. >> i'm interested in getting a result here. >> i remain hopeful, unrealist buc prospects of reaching a barn agree r >> beyond hope, do you think the chances are good? >> we are not there yet, trying to line up rubik's cube now, we are not there yet. >> the next 48 hours do we have a deal? >> no. >> no deal in the next 48 hours? >> no, i don't think so >> what happens after that? [ no audio ] >> i think the leadership is now working. it will probably be an immediate deal. in other words it is not going to solve all the problems forever, but it's gonna solve certain problems. >> what we are seeing here is monumental failure of presidential leadership. the president's the only person with a pen who can sign this and it is the president's responsibility to work on something the house will pass, the senate will pass and the senate will sing. he is outsourcing. this >> the president had put serious spending cuts on the table. answered speaker boehner, a
i will give you one guess but fiscal cliff. take a look at some of what was said. >> i'm interested in getting a result here. >> i remain hopeful, unrealist buc prospects of reaching a barn agree r >> beyond hope, do you think the chances are good? >> we are not there yet, trying to line up rubik's cube now, we are not there yet. >> the next 48 hours do we have a deal? >> no. >> no deal in the next 48 hours? >> no, i don't think so >> what...
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Dec 16, 2012
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cliff. a source tells cnn that boehner has offered to raise tax rates on people making more than $1 million in exchange for entitlement cuts, the white house is still holding to the $250,000 threshold. unless a deal is reached by january 1st, 98% of americans will be hit with a tax increase. >>> egypt's muslim brotherhood declare as narrow victory in the first round of hotly contested constitutional referendum. this is the only first weekend of voting, the rest of the country will vote next weekend. election monitor report some claims of voter intimidation, as well as early poll closings. >>> former south african president, nelson mandala is recovering in a hospital in pretoria. the 94-year-old nobel laureate had gall stones removed yesterday. he was hospitalized last weekend for a lung infection, he's been keeping a low profile for years and is hailed as a hero of democracy in south africa. >>> well, a message of hope in the wake of unspeakable heartbreak. the father of one of the children
cliff. a source tells cnn that boehner has offered to raise tax rates on people making more than $1 million in exchange for entitlement cuts, the white house is still holding to the $250,000 threshold. unless a deal is reached by january 1st, 98% of americans will be hit with a tax increase. >>> egypt's muslim brotherhood declare as narrow victory in the first round of hotly contested constitutional referendum. this is the only first weekend of voting, the rest of the country will vote...
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Dec 7, 2012
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jersey shore meets fiscal cliff. chris christie was at the white house and on capitol hill today asking for more federal funding for the storm ravaged state. a republican is asking for more money from washington, as republicans slam the president for additional spending is, well, perhaps problematic. democratic senator chuck schumer whose own home state of new york was hard-hit pointed out the irony of christie's request today saying it doesn't come at an opportune time of the fiscal cliff, both the talks and the fact we're short on money. will it hurt his party or not? roland martin joins me. good to see both of you. ryan, you spoke very early on about how well you thought chris christie handled this sform politically and ever other way, but now he asks for fungd as republicans try to cut spending. is he hurting his own party? >> whether you're a republican or democratic governor you want to secure money from federal taxpayers. that's a classic move. it sure is. is it undermining republicans in congress? it probably
jersey shore meets fiscal cliff. chris christie was at the white house and on capitol hill today asking for more federal funding for the storm ravaged state. a republican is asking for more money from washington, as republicans slam the president for additional spending is, well, perhaps problematic. democratic senator chuck schumer whose own home state of new york was hard-hit pointed out the irony of christie's request today saying it doesn't come at an opportune time of the fiscal cliff,...
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Dec 4, 2012
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do not cooperate with the fiscal cliff idea. rebel and say just extend everything and come back later when the economy is at full employment. >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? we're on day 29, heading into day 28. >> i get excited when i hear david say things so far outside the box. but this is washington. i guess it's not air box, it's a beltway here. and we are in this debt mania. there is a long term crisis on debt. i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i think it's a good idea. raising tax rates on the rich. i saw your interview with senator coburn. he is
do not cooperate with the fiscal cliff idea. rebel and say just extend everything and come back later when the economy is at full employment. >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? we're on day 29, heading into day 28. >> i get excited when i hear david say things so far outside the box. but this is washington. i guess it's not...
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what we have to do in the short term is avoid the fiscal cliff. the major decisions with regard to tax reform, social insurance programs, et cetera, can't and shouldn't be made until next year, after the american people are engaged and the committees do their work. >> david gergen, how do you get the political solution that opens the door to the policy conversations? >> well, i was encouraged that the republicans actually came forward with something today. a lot of people thought they would not. the president as you know, his team rejected it late this afternoon, but nonetheless, if people truly want to find a bridge to avoid the fiscal cliff, a way to get to the big issues as david walker says would have to come next year, i think they're the makings of it here. each side will have to compromise some more. each side will have to eat a little crow but i think it's imperative that the president take the view that what he's looking for is a win-win. if they take a win-win approach, i think they can get a deal. >> comment on that point. if two wrongs
what we have to do in the short term is avoid the fiscal cliff. the major decisions with regard to tax reform, social insurance programs, et cetera, can't and shouldn't be made until next year, after the american people are engaged and the committees do their work. >> david gergen, how do you get the political solution that opens the door to the policy conversations? >> well, i was encouraged that the republicans actually came forward with something today. a lot of people thought...
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Dec 31, 2012
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i'm christine romans following fiscal cliff all day and night. ashleigh banfield returning tomorrow. "newsroom with suzanne malveaux" starts right now. >>> welcome back to "cnn newsroom." here's what's going on right now. ♪ >>> 2013 hitting right now in bangkok, thailand. we're looking at live pictures there as the celebrations and the fireworks exploding there. lots of picture-taking and a lot of excitement there. right now pope benedict holding a new year's eve mass at st. peter's basilica. they will celebrate the new year in six hours. a couple of hours ago folks toasted 2013 in new zealand. check it out. >> pretty cool. party started with fireworks with the auckland sky it tower. organizers were worried bad weather would be a problem, but everything turned out just fine. congratulations. the second major city to ring in the new year, sydney, australia. check it out. wow, that is over city harbor bridge. the show is huge. we are talking about seven tons of fireworks. happy new year's all around. >>> of course, we are waiting as well when the
i'm christine romans following fiscal cliff all day and night. ashleigh banfield returning tomorrow. "newsroom with suzanne malveaux" starts right now. >>> welcome back to "cnn newsroom." here's what's going on right now. ♪ >>> 2013 hitting right now in bangkok, thailand. we're looking at live pictures there as the celebrations and the fireworks exploding there. lots of picture-taking and a lot of excitement there. right now pope benedict holding a new...
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Dec 23, 2012
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. >>> the fiscal cliff, well, just ten days away with no deal in sight. president obama, house speaker john boehner literally thousands of miles apart. boehner is back in ohio. president obama and family are in his native hawaii. he is planning to return to washington after christmas. >>> a weekend of violence. explosions and death in syria. at least five people killed in damascus today when a powerful car bomb blew up in this residential neighborhood. it tore through apartment buildings and filled the streets with debris. more than 140 people reportedly died in attacks across syria, most in damascus and its suburbs. >>> india, riot police blasted protesters with high-pressure water hoses trying to break up massive angry riots against the government. people are furious after a woman reportedly gang raped and beaten on a moving city bus last weekend. protesters demanding changes to india's laws regarding rape saying women are not safe in new delhi and other cities in india. >>> a former marine spent more than four months at a mexican prison is free and hea
. >>> the fiscal cliff, well, just ten days away with no deal in sight. president obama, house speaker john boehner literally thousands of miles apart. boehner is back in ohio. president obama and family are in his native hawaii. he is planning to return to washington after christmas. >>> a weekend of violence. explosions and death in syria. at least five people killed in damascus today when a powerful car bomb blew up in this residential neighborhood. it tore through...
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Dec 2, 2012
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by week's end, fiscal cliff talks were at a standstill. it was all doom and gloom and, they're not serious, what's wrong? we hate them again. let's bring in our body language expert, susan constantine, to help us. we want to start with house speaker, john boehner. he was saying on wednesday he was optimistic about a deal. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> very next day, boehner is suddenly grim, talks having accomplished a thing. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and leaks in the press are not the way to get things done here in washington. >> all right. susan, you're looking at the monitor and looking at his body langua
by week's end, fiscal cliff talks were at a standstill. it was all doom and gloom and, they're not serious, what's wrong? we hate them again. let's bring in our body language expert, susan constantine, to help us. we want to start with house speaker, john boehner. he was saying on wednesday he was optimistic about a deal. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. optimistic that we can continue to...
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Dec 6, 2012
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yep, this is how one man sees the fiscal cliff and it's a pretty important man. this is alan simpson. ♪ yep. that maybe the most action the fiscal cliff saw today. here's the scene on capitol hill at noon. yep, people leaving. members of congress leaving washington, heading home on wednesday afternoon. one man left standing was the house speaker and he says i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> but of course, it takes two to tango, so where does president obama stand? >> we can probably solve this in about a week. it's not that tough. >> it's not that tough. he's absolutely right about that. but we heard early this evening that the president and speaker boehner did speak late today on the phone, so that's good news, but in this case, they need face time. they need to spend real time face to face. even democrats think the president needs to do more in person work on this. >> the president is not somebody who he's prioritizing evenings with his famil
yep, this is how one man sees the fiscal cliff and it's a pretty important man. this is alan simpson. ♪ yep. that maybe the most action the fiscal cliff saw today. here's the scene on capitol hill at noon. yep, people leaving. members of congress leaving washington, heading home on wednesday afternoon. one man left standing was the house speaker and he says i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get serious about...
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Dec 8, 2012
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we're going to go over the fiscal cliff together. and that's particularly true and particularly difficult for republicans because the way the polls are showing, the public's anger with this process, the republicans are going to get most of that anger. and they are the same polls that in fact, the gop is listening to and watching and boehner is very, very much aware of them. so i think that 37% may be the way things come out. >> let's talk about those polls for a minute. quinnipiac had a poll out that showed the president's job approval rating at 53%. that's not really giant or amazing, but, considering where he's been, not too long ago, that is pretty good. robert is this the kind of compromise that could give everyone some cover here? the president can say, yeah, i got higher taxes on the wealthy. the republicans can say, yeah, we gave in, but not much. >> yes, it could. i think -- if it is 37%, a lot of democrats will grumble, wait a minute. we thought that the bush tax cuts would expire. what was so bad about the 39.6% highest rat
we're going to go over the fiscal cliff together. and that's particularly true and particularly difficult for republicans because the way the polls are showing, the public's anger with this process, the republicans are going to get most of that anger. and they are the same polls that in fact, the gop is listening to and watching and boehner is very, very much aware of them. so i think that 37% may be the way things come out. >> let's talk about those polls for a minute. quinnipiac had a...
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Dec 14, 2012
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i will tell you, i think of the fiscal cliff a little differently. i put it -- i think it's relative to the world. everybody in the eastern congo gets up and they're falling off the fiscal cliff every morning when they get out of bed trying to figure out if they can feed their child living on $1 a day or half a dollar a day. so i think it's all relative. and the world doesn't end. and i'm not even sure that going off the cliff isn't the slap in the face we need to say, folks, we need to do better. >> would you be happy to pay more tax? >> i don't think you have to pay more tax. i tell you what i think it amounts to. when my dad started talking about this i started paying attention to what tax i paid. i'm in the 35% tax bracket. but i went back and figured it out -- i should say my wife went back and figured it out, she did all the work. you know what, we paid just under 24% on an average across the five years. i think if people paid what they are supposed to pay within the tax bracket, you don't have to raise taxes. >> final question, what on earth d
i will tell you, i think of the fiscal cliff a little differently. i put it -- i think it's relative to the world. everybody in the eastern congo gets up and they're falling off the fiscal cliff every morning when they get out of bed trying to figure out if they can feed their child living on $1 a day or half a dollar a day. so i think it's all relative. and the world doesn't end. and i'm not even sure that going off the cliff isn't the slap in the face we need to say, folks, we need to do...
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Dec 21, 2012
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late word that john boehner's plan b aimed at averting the fiscal cliff and lawmakers won't resume gbusiness until after christmas. dana bash is joining me now. what is the latest? >> reporter: the latest is that this is bad news for the speaker. very bad news for the speaker. i would even say devastating. this is a political move that he made for one main purpose and that is to show the president and, more importantly, to show the american people that republicans are at least for keeping taxes low for americans making up to $1 million and more importantly they are okay with raising taxes for people making more than $1 million. he simply could not get the votes from fellow republicans in order to put this bill on the floor. they tried. i was watching on the house floor. the moves of many of the house leaders trying to cajole their fellow republicans to back the speaker on this and at the end of the day they simply could not get the votes and they went home. we are told that the speaker told rank-and-file republicans that he's going to continue to try to meet with the president, to talk with
late word that john boehner's plan b aimed at averting the fiscal cliff and lawmakers won't resume gbusiness until after christmas. dana bash is joining me now. what is the latest? >> reporter: the latest is that this is bad news for the speaker. very bad news for the speaker. i would even say devastating. this is a political move that he made for one main purpose and that is to show the president and, more importantly, to show the american people that republicans are at least for keeping...
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Dec 11, 2012
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. >> let's take a break and talk about the fiscal cliff. talking about ridiculous situati situations. i want to get your latest on that and the latest on the deadlyppaologapology. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ together for your future. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. so, the 5.3-liter v8 s
. >> let's take a break and talk about the fiscal cliff. talking about ridiculous situati situations. i want to get your latest on that and the latest on the deadlyppaologapology. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the...
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Dec 25, 2012
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tell us a little bit about the fiscal cliff here. we know the senate is going to come back on thursday. do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate will reconvene thursday. all eyes there as senate majority leader harry reid tries to cobble together something that can get some republican support. we'll be waiting to see exactly when president obama is coming back but we understand that the senate even though it reconvenes on thursday may not, senate democrats may not roll out a bill until closer to the new year. also get some republican support and put pressure on the house to take it up. >> we'll be following that very closely. have a wonderful christmas and of course we'll talk with you a little bit later. if there are any developments on the f
tell us a little bit about the fiscal cliff here. we know the senate is going to come back on thursday. do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate will reconvene thursday. all eyes there as senate...
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Dec 5, 2012
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wouldn't that bring an end to the fiscal cliff? we could wrap it up now and everybody could go on vacation? >> yes, but you're asking the wrong guy. i'm not in congress. >> but you're on set, will. come on, suck it up! >> i'm going to answer. i'm always happy to talk if you're going to put the camera on me. i can see reality in front of me and see that republicans have very little leverage to decide or impose their will on this outcome. that being said, what they're looking at is how can we kind of salvage a political victory out of this and stand for what we want? as you've had people on this program suggest, it may just be going over the fiscal cliff and not voting for a tax raise and then later negotiating taxes down. >> republicans will be blamed, polls show, if we go over the cliff. >> let's turn to jeb henserling, newly named chairman of the house committee and co-chair on the super committee. we heard will saying how do you salvage a political victory? the reality is if nothing is done, if you cannot get together, you go ove
wouldn't that bring an end to the fiscal cliff? we could wrap it up now and everybody could go on vacation? >> yes, but you're asking the wrong guy. i'm not in congress. >> but you're on set, will. come on, suck it up! >> i'm going to answer. i'm always happy to talk if you're going to put the camera on me. i can see reality in front of me and see that republicans have very little leverage to decide or impose their will on this outcome. that being said, what they're looking at...
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Dec 23, 2012
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the fiscal cliff, just ten days away with no deal in sight. in fact, president obama and house speaker john boehner are literally thousands of mimes away from each other. both men left washington for the holidays and president obama and family, they are in his native hawaii for a short christmas break. he returns to washington after the holiday. in egypt, the president is stepping down. this man announced today that political life does not agree with him and he'll go back to being a judge. it's the same day the egyptian people are voting for a second straight weekend on proposed changes to the country's newest islamist-backed constitution. the new president gave himself near absolute power. those are your headlines this hour. i'm don lemon, keeping your informed. cnn, the most trusted name in news. >>> it was one of the most important diplomatic missions in history. also one of the most clandestine and risky. four decades ago, henry kissinger, then president nixon's national security adviser secretly flew to china, beginning a string of meetin
the fiscal cliff, just ten days away with no deal in sight. in fact, president obama and house speaker john boehner are literally thousands of mimes away from each other. both men left washington for the holidays and president obama and family, they are in his native hawaii for a short christmas break. he returns to washington after the holiday. in egypt, the president is stepping down. this man announced today that political life does not agree with him and he'll go back to being a judge. it's...
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Dec 26, 2012
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>>> fears of the fiscal cliff are taking some of the holiday cheer right out of wall street. cnn's alison kosik watching the post-christmas trading as well as a threat to the economy that could come even sooner than the cliff? let's start with the stocks, though. >> reporter: yes, stocks, very quiet today, very quiet session. not many investors in the game today. expect that to be the case the rest of the week. the fun tny thing, this is usuay the time we see the santa claus rally. the dow down 46 points. no deal on the if i'm not mistaken. that's spoiling the rally so far. it could be worse, though. we've seen much harsher reaction to all the congressional shenanigans in the past that could be a sign the economy is in better shape this time around. the s&p 500 is still on track for a 13% gain for the year. >>alison, what's the container cliff? >> reporter: the container cliff could be serious stuff. it could be a major threat to the economy. but it's also something that can be avoided. this container cliff is the name the national retail federation has given to this situatio
>>> fears of the fiscal cliff are taking some of the holiday cheer right out of wall street. cnn's alison kosik watching the post-christmas trading as well as a threat to the economy that could come even sooner than the cliff? let's start with the stocks, though. >> reporter: yes, stocks, very quiet today, very quiet session. not many investors in the game today. expect that to be the case the rest of the week. the fun tny thing, this is usuay the time we see the santa claus...
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Nov 28, 2012
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not made in the heat of the fiscal cliff. not done in the closing days here, of a lame duck session. let's look at this thoughtfully and make sure at the end of the day medicare is going to survive and be stronger. but i think there is plenty of ground here for us to come together as democrats and republicans, the congress and the president, and avoid the worst parts of the fiscal cliff. >> okay, so what entitlements then? what would you put on the table? right now it's been the narrative is kind of republicans will put taxes on the table, democrats will put entitlements on the table. and i talked to a couple people that say everything's on the table then they start ticking off all the things that are not on the table, excuse me, so what's on your table that's an entitlement that you'd be willing to negotiate before we fall off the cliff? >> of course. and the social security is a separate thing. it does not add a penny to the debt. we should deal with this long-term survival and solvency, and we can do that in a separate set
not made in the heat of the fiscal cliff. not done in the closing days here, of a lame duck session. let's look at this thoughtfully and make sure at the end of the day medicare is going to survive and be stronger. but i think there is plenty of ground here for us to come together as democrats and republicans, the congress and the president, and avoid the worst parts of the fiscal cliff. >> okay, so what entitlements then? what would you put on the table? right now it's been the narrative...
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Dec 13, 2012
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if we reset it has to happen around the fiscal cliff first. there a lot of other issues out there that could be addressed if we can really create a new climate. whether we do in part depends on the success of this effort right now. >> brooke, you heard him mention the word climate. that is a major difference that they admitted exists in the atmosphere and even five or years ago. senator lott admitted if he were a leader he would be concerned about a challenge from the right that republicans didn't like too much. the same for democrats that. dynamic that blossomed and in a big way over the last few years. it is a big reason why both sides are having trouble coming up with a deal. >> that are is fascinating. they get the behind the scenes of the two men now that they are friendly and talking about it. what about secret conversations. where do they do that? at a golf course or hotel? >> these two had something interesting. they actually had a hotline. they had one phone line that went from senator to senator. the staff didn't know about it and th
if we reset it has to happen around the fiscal cliff first. there a lot of other issues out there that could be addressed if we can really create a new climate. whether we do in part depends on the success of this effort right now. >> brooke, you heard him mention the word climate. that is a major difference that they admitted exists in the atmosphere and even five or years ago. senator lott admitted if he were a leader he would be concerned about a challenge from the right that...
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that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the work load. and there would be unexpected higher taxes for most americans because, remember, that's another part of the equation. so many different groups could be hit in many different ways at many times, but the bottom line is if these negotiations continue to stall and don't come through, and the cliff comes, people will indeed feel it all over this country. >> all right, tom foreman, that was cnn's tom foreman in washington. as we await this 3:00 p.m. meeting at the white house, an attempt to reach an agreement before we hit the fiscal cliff on tuesday. stay tuned. >>> one-two weather punch, a massive storm causing huge problems since christmas day finally over. but another is on the way. chad myers is tracking this latest storm for us. heart break for dozens of american families in the process of adopting children from russia as russia's president signs an adoption ban. stop! stop! stop! come back here! humans -- we are beautifully imperfe
that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the work load. and there would be unexpected higher taxes for most americans because, remember, that's another part of the equation. so many different groups could be hit in many different ways at many times, but the bottom line is if these negotiations continue to stall and don't come through, and the cliff comes, people will indeed feel it all over this country. >> all right, tom foreman, that was...
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who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler,
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we...
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with the fiscal cliff in sight both sides quiet on future talks. >>> and nfl triumph. coach chuck pagano back in time for the playoffs with the colts. merry christmas, dana bash. >> you, too, alina. i'm dana bash in d.c. let's get started. up first. be careful what you wish for. those dreaming of a white christmas could be in for a whiteout. extreme weather is on the way christmas day and on the way for many. millions could be in store for a foot of snow or more. it could be even a rare white christmas down south along with a threat of tornadoes. more on the holiday storm and all the delays. good morning, merry christmas. >> merry christmas. >> give us the good, the bad and the ugly. >> unfortunately, for travelers, yesterday was pretty bad but today could be worse. dangerous lightning flaring up at this hour across louisiana and arkansas and behind it snow starting off as a mixture of sleet and freezing rain in places like oklahoma city and little rock, arkansas. lightning moving into dallas and stone yo this hour, so the severe weather threat in terms of tornadoes ex
with the fiscal cliff in sight both sides quiet on future talks. >>> and nfl triumph. coach chuck pagano back in time for the playoffs with the colts. merry christmas, dana bash. >> you, too, alina. i'm dana bash in d.c. let's get started. up first. be careful what you wish for. those dreaming of a white christmas could be in for a whiteout. extreme weather is on the way christmas day and on the way for many. millions could be in store for a foot of snow or more. it could be even...
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to sdus fiscal cliff deals. a deal was not sealed. we're 20 days from the fiscal cliff. time becoming critical. congress going on christmas break two days from now, shannon travis following the snipping and deal making in washington. shannon, what's in the proposals? do you know? >> zoraida, this will be confusing for viewers. let's try to break this down as simple as possible. president obama and house speaker john boehner spoke yesterday evening after an offer from the white house and a counteroffer from republicans. the white house offer, the white house wanted 1.6 trillion in new revenue in terms of increased tax occasion -- reducing -- excuse me. increasing the rates on the wealthiest americans. now they are down to 1.4 trillion on monday. on tuesday, the republicans responded. we don't have a whole lot of details on that but bainary's office saying, you know what, white house? show us cuts to entitlement spending before we talk about entitlement reform. amid that back drop, since nothing is firm just yet. republicans and democrats are obviously still as you mention
to sdus fiscal cliff deals. a deal was not sealed. we're 20 days from the fiscal cliff. time becoming critical. congress going on christmas break two days from now, shannon travis following the snipping and deal making in washington. shannon, what's in the proposals? do you know? >> zoraida, this will be confusing for viewers. let's try to break this down as simple as possible. president obama and house speaker john boehner spoke yesterday evening after an offer from the white house and a...
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first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this
first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are...
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the other day, we were talking about the fiscal cliff. and you tell us it will be really, really bad. why does the market keep going up? >> everyone thinks they will fix it. in the market, the question, what will the top rate be for the highest earners. 37%? the market says there will be a deal and lower corporate tax rates. if there isn't a deal, after the first of the year, a big stock market sell-off. >> we'll talk about the 20 days left to the fiscal cliff, straight ahead. >>> still ahead, a prominent republican now officially a democrat. we'll take a closer look at why former florida governor charlie crist left the gop behind. he'll join us to talk about that. >>> and the hit reality show "storage wars," by the way, i love that show. is it fake? what one star is saying. say it ain't so. that in a moment. mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-selt
the other day, we were talking about the fiscal cliff. and you tell us it will be really, really bad. why does the market keep going up? >> everyone thinks they will fix it. in the market, the question, what will the top rate be for the highest earners. 37%? the market says there will be a deal and lower corporate tax rates. if there isn't a deal, after the first of the year, a big stock market sell-off. >> we'll talk about the 20 days left to the fiscal cliff, straight ahead....
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the fiscal cliff we're looking at. we need to get beyond that and get to the real problem, showing the world we know how to run the government of the united states. >> paul krugman in "the new york times" has an interesting op-ed and starts off by saying we are not having a debt crisis and says this is really a political crisis. let me read a bit of it. americans may nod their heads when you attack big government in the abstract, but they strongly support social security, medicare and even medicaid. and he's talking about his framing of the gop. part of the problem, americans have a sense against big government, but when it comes to big government, people don't want to cut those things of what they think are part of what americans deserve to have. >> i put the blame on that squarely on the political leadership in washington. i think the country is hungry and would response to someone how you fix the whole problem. these are the pieces that you need to put together to get us out of this mess. instead, focused on aspects
the fiscal cliff we're looking at. we need to get beyond that and get to the real problem, showing the world we know how to run the government of the united states. >> paul krugman in "the new york times" has an interesting op-ed and starts off by saying we are not having a debt crisis and says this is really a political crisis. let me read a bit of it. americans may nod their heads when you attack big government in the abstract, but they strongly support social security,...
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we need to avoid the fiscal cliff. >> one thing you want javier to agree to, to avoid the fiscal cliff. >> we need to have the spending cuts. >> give me an example? >> well, it is looking at the spending, entitlement reform, and growth in government. the president is moving in the wrong direction. he proposed higher taxes than he ever said during the campaign, more stimulus, more spending, that's moving us in the wrong direction. >> go ahead and respond. >> how much spending cuts do we want to see? i could tally up for you right now, $3 trillion with the spending cuts that we already enacted in law in the last year and a half. $1 trillion that came from the budget control act that was passed a year ago, that said a trillion dollars has to start coming up now, and that has begun. another trillion dollars which is going to be enacted through the sequester. we still have them. and we can move forward. that's another trillion, 1.2 trillion. let me give you the other 800 billion. we cut -- democrats without a republican vote, $716 billion in -- and we found $716 billion in savings through m
we need to avoid the fiscal cliff. >> one thing you want javier to agree to, to avoid the fiscal cliff. >> we need to have the spending cuts. >> give me an example? >> well, it is looking at the spending, entitlement reform, and growth in government. the president is moving in the wrong direction. he proposed higher taxes than he ever said during the campaign, more stimulus, more spending, that's moving us in the wrong direction. >> go ahead and respond. >>...
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silence about the fiscal cliff. the president and the house speaker john boehner holding closed door meetings to work out a deal or try to. 21 days and counting away from tax hikes and spending cuts going into affect. and congress breaks for christmas on friday. here is where things stand. the president hitting the road to sell his tax plan to -- at a truck plant to workers in michigan. and there are fiscal cliff talks and on capitol hill for a single day, all was quiet. that's always bad news if you are a political reporter, shannon travis live in washington, d.c.. there are some people who say well, let's read into the silence, because that's all we're getting and it's good news. do you feel that way? >> could be potentially good news. there is this notion of not negotiating through the media. the stakes are high, puts pressure on both sides. so on? that sense, as much as we would love to know what's going on in these discussions, it might be good to take some of the pressure off. i will read a statement from hous
silence about the fiscal cliff. the president and the house speaker john boehner holding closed door meetings to work out a deal or try to. 21 days and counting away from tax hikes and spending cuts going into affect. and congress breaks for christmas on friday. here is where things stand. the president hitting the road to sell his tax plan to -- at a truck plant to workers in michigan. and there are fiscal cliff talks and on capitol hill for a single day, all was quiet. that's always bad news...
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your money needs an ally. >>> here's where we are on the fiscal cliff. higher taxes on everyone plus blunt force spending cuts that plunge us into recession. 12 days to cut a deal in washington and no substantive talks since monday. house speaker john boehner will seek an option, what he is calling plan b to avert the increase for the richest of the rich. democrats are saying what for? plan b can't pass and won't be signed by the president and just within this past hour, the chief wiz john boehner about exactly that. watch. >> we know the reality here. you know the reality if you get the votes that it taszs the house, it won't go anywhere. do you see this as a necessary step to get back to talks with the president? >> i am not at all when the bill passes, people die in the senate. the senior correspondent, what were you getting at with your question. what does it tell us about where we are today? >> some of the thinking yesterday was that maybe after the house takes this vote, it may be the senate that would -- assuming they pass it, they would take it u
your money needs an ally. >>> here's where we are on the fiscal cliff. higher taxes on everyone plus blunt force spending cuts that plunge us into recession. 12 days to cut a deal in washington and no substantive talks since monday. house speaker john boehner will seek an option, what he is calling plan b to avert the increase for the richest of the rich. democrats are saying what for? plan b can't pass and won't be signed by the president and just within this past hour, the chief wiz...
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first, of course, talks over the fiscal cliff. they are going nowhere fast. democrats, they're basically telling republicans, hey, ball's in your court. we'll take you live to the white house for that. also, as the city grieves over an nfl player's tragic breaking point, new debates today about gun control and domestic violence. you'll hear both. but first, the u.s. has long believed syria has a huge stockpile of chemical weapons. now new concerns that chemical arsenal is on the move. secretary of state hillary clinton today issuing another stern warning against syria, using these weapons. the syrian foreign ministry quick to respond here saying it would not use chemical weapons against its people if it had any, but this announcement as turkey is sending warplanes to its border with syria after the syrian military bombed a nearby town of ras al-ain. you can hear that and see the smoke. this is the turkish side of the border. this is fueling more fears that more of syria's violence will spill into its neighbor to the north, being turkey. security concerns are
first, of course, talks over the fiscal cliff. they are going nowhere fast. democrats, they're basically telling republicans, hey, ball's in your court. we'll take you live to the white house for that. also, as the city grieves over an nfl player's tragic breaking point, new debates today about gun control and domestic violence. you'll hear both. but first, the u.s. has long believed syria has a huge stockpile of chemical weapons. now new concerns that chemical arsenal is on the move. secretary...
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back to the talks on the fiscal cliff. did you know this, that meeting, the president had with the speaker of the house, john boehner, just yesterday at the white house, that was their first face to face one on one meeting in more than a year. they did meet, yes, a couple of weeks ago, with several other members of congress, but it has been quite a while since the two men have negotiated one on one. keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the more they meet and more that they have these lines of communications opened on a daily basis and their staffs are meeting, the more likely we'l
back to the talks on the fiscal cliff. did you know this, that meeting, the president had with the speaker of the house, john boehner, just yesterday at the white house, that was their first face to face one on one meeting in more than a year. they did meet, yes, a couple of weeks ago, with several other members of congress, but it has been quite a while since the two men have negotiated one on one. keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax...
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specifically a part of the white house's fiscal cliff plan that would give the president the power to increase the debt limit without congress that is. boehner making it clear that it is not up for a debate. >> do you think that senator reid or then senator obama would have ever given to president george w. bush the unlimited ability to raise the debt limit? i know they're talking about doing it now. do you think there's any chance that senator reid or then senator obama would have done that? zero. congress is never going to give up our ability to control the purse. >> so for president obama's part, he is digging in as well on an area that has been key sticking point and that's taxes. >> the most important thing we can do right now is make sure that middle class taxes do not go up. that's the best thing for the economy, best thing for american families and if we do that, senate's already passed this bill. house democrats are ready to pass t i'm ready to sign it. the only holdouts are the house republicans. if we get that done that will take the edge off things. we'll still have to dea
specifically a part of the white house's fiscal cliff plan that would give the president the power to increase the debt limit without congress that is. boehner making it clear that it is not up for a debate. >> do you think that senator reid or then senator obama would have ever given to president george w. bush the unlimited ability to raise the debt limit? i know they're talking about doing it now. do you think there's any chance that senator reid or then senator obama would have done...
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now fiscal cliffs and payroll, fiscal cliff has a lot to do with this. the american payroll association this is the trade group for all of the small business who's are doing payrolls, you know, paying you. they say the fiscal cliff really isn't january 1st. their fiscal cliff is december 14th. that's the time they need to have the software changed to make sure the tax changes go into the paycheck. >> that's not going to happen by the 14th. >> it's not going to happen about it 14th. that's why small businesses are concerned. let me tell you what they say. a delay in legislation beyond december 14th doesn't give all businesses enough time to update their payroll systems for early january paychecks. and they go on. it's even worse. the two worst case scenarios according to the payroll folks, congress comes to an agreement after january 1 and applies new rules retro actively. the software can't handle it, or last minute agreement keeps rates as they are for a few months. this would even confuse the payroll software programs because some only calculate a year
now fiscal cliffs and payroll, fiscal cliff has a lot to do with this. the american payroll association this is the trade group for all of the small business who's are doing payrolls, you know, paying you. they say the fiscal cliff really isn't january 1st. their fiscal cliff is december 14th. that's the time they need to have the software changed to make sure the tax changes go into the paycheck. >> that's not going to happen by the 14th. >> it's not going to happen about it 14th....
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what's next for the fiscal cliff debate? republicans are furious and president obama drawing a red line over middle class taxes. want to bring in steven moore with "the wall street journal." so, hello, sir. >> hi. >> let me show you, here is his new book on taxes and wealth in america. you wrote an opinion piece, steven, saying democrats only want one thing, higher taxes. you say democrats probably won't offer any serious spending cuts. why do you think that? there's no compromise in sight here? >> i just don't see it. you know, don, i was thinking a couple of weeks ago they would certainly reach an agreement, we wouldn't fall off the fiscal cliff, that people's taxes wouldn't go up in january. but now i'm not so certain about that. as you look at the negotiations so far and, look, my sources are on the republican side of the aisle, but what they're saying to me is this president doesn't want to deal from us, he want a surrender from us. so far what has been offered as jessica said has really been, you know, poison to the re
what's next for the fiscal cliff debate? republicans are furious and president obama drawing a red line over middle class taxes. want to bring in steven moore with "the wall street journal." so, hello, sir. >> hi. >> let me show you, here is his new book on taxes and wealth in america. you wrote an opinion piece, steven, saying democrats only want one thing, higher taxes. you say democrats probably won't offer any serious spending cuts. why do you think that? there's no...
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top of the agenda, the fiscal cliff. 38 days and counting. in fact, that's how long we have until the country hits the so called fiscal cliff when automatic spending cuts go into effect. it is main focus in washington. maria cardona and amy holmes are back with me now to talk about this. saxby chambliss lashed out at grover nordqvist. nordqvist and his group are the ones that pushed that no new taxes pledge signed bay majority of republicans in congress. here's what chambliss says. i care more about my country than i do a 20-year-old pledge. he's willing to let the political consequences take care of themselves. raising taxes has been at the center of the fiscal cliff dispute. democrats demanding it. republicans saying no way. so amy, is this a sizable crack in the republican armor? >> we are seeing that the two sides are going to need to negotiate if we don't go over the fiscal cliff. i would point out that patty murray, a democratic senator from washington state says we should go over it, certainly in contrast to the rest of her party. so i
top of the agenda, the fiscal cliff. 38 days and counting. in fact, that's how long we have until the country hits the so called fiscal cliff when automatic spending cuts go into effect. it is main focus in washington. maria cardona and amy holmes are back with me now to talk about this. saxby chambliss lashed out at grover nordqvist. nordqvist and his group are the ones that pushed that no new taxes pledge signed bay majority of republicans in congress. here's what chambliss says. i care more...
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as we look at that fiscal cliff, what does that really do? it says government is going to spend less money, less money means less job training, less ways to get the unemployed back to work. that really says that we're probably going to be stuck with an unemployment problem for a long time. >> so avoiding a fiscal cliff doesn't necessarily mean getting people back to work? >> no, look, the economy is only growing by less than 2%. and when you got sub 2% growth, we're not going to be creating hundreds of thousands of jobs a month. that's what we need to see to see that unemployment rate come down and get us out of this hole. >> jill schlessinger from cbs money watch.com, thank you for joining us. appreciate it. >>> this week the air force is conducting a big sweep of work spaces. what are they looking for? well, they're looking for pictures of scantily clad women. yes. we'll explain. >>> and basketball legend kareem abdul-jabbar, the nba's all time leading scorer, joins me to talk about his own battle against a rare form of blood cancer. annou]
as we look at that fiscal cliff, what does that really do? it says government is going to spend less money, less money means less job training, less ways to get the unemployed back to work. that really says that we're probably going to be stuck with an unemployment problem for a long time. >> so avoiding a fiscal cliff doesn't necessarily mean getting people back to work? >> no, look, the economy is only growing by less than 2%. and when you got sub 2% growth, we're not going to be...
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optimism the fiscal cliff will be resolved. that's pushing up markets worldwide today. >>> in today's smart is the new rich. prepare yourself. it's about to begin. the annual black friday retail hype machine. it's not black friday anymore. many major retailers will open again on thanksgiving. it worked well for them last year. black thursday, here you come. 70% of in-store sales can be nabbed online. here's what deal news says. do not buy on black friday, one, toys. you'll find better prices on toys in the two weeks before christmas. wait a few more weeks. two, brand name hd tvs. you can find deems on third tier manufacturers. but the brand names are best bought in january or february. three, jewelry and watches. deal news says don't buy any piece of jewelry or a watch over the whole holiday season. they're just as expensive as around valentine's day. valentine's day and the holidays, bad for jewelry. four, winter apparel. you can find cheap clothes. but winter clothes like gloves and hats, you can get them much cheaper in janu
optimism the fiscal cliff will be resolved. that's pushing up markets worldwide today. >>> in today's smart is the new rich. prepare yourself. it's about to begin. the annual black friday retail hype machine. it's not black friday anymore. many major retailers will open again on thanksgiving. it worked well for them last year. black thursday, here you come. 70% of in-store sales can be nabbed online. here's what deal news says. do not buy on black friday, one, toys. you'll find better...
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. >>> some folks worried now about the fiscal cliff. one economist worried that a budget deal will actually hurt the economy and send unemployment sky-high. i'll hear what he has to say up next. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. home of the legendary grand prix circuit. the perfect place to bring the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3
. >>> some folks worried now about the fiscal cliff. one economist worried that a budget deal will actually hurt the economy and send unemployment sky-high. i'll hear what he has to say up next. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations....
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are we going to fix the fiscal cliff or is the hockey lockout going to end? and i think it's pretty clear now that the fiscal cliff is going to get fixed first. because i think both sides recognize, look, we have an end of the year deadline. they knew this had to be done at particular point. so it doesn't really matter what the issues are. i think everyone recognizes that they don't want to end up going over this cliff. so i think there's always been a plan afoot. i think the republicans are really scaling back what their expectations are. they have to recognize this is going to get done in a lame-duck session, and barack obama has surprisingly stood his ground. liberals can be happy with him for once because he seems to be taking command of these negotiations. >> ron, the "national review" is reporting that if the fiscal cliff talks go sour, that john boehner might have a challenge for his speaker post. do you agree with that? >> i think speaker boehner is extremely strong in his position. he's been very, very smart, including the republican leadership, in h
are we going to fix the fiscal cliff or is the hockey lockout going to end? and i think it's pretty clear now that the fiscal cliff is going to get fixed first. because i think both sides recognize, look, we have an end of the year deadline. they knew this had to be done at particular point. so it doesn't really matter what the issues are. i think everyone recognizes that they don't want to end up going over this cliff. so i think there's always been a plan afoot. i think the republicans are...